Micro-Enterprise Business Loans


Minimum Loan Amount $5,000

Maximum Loan Amount $20,000 - based on available loan pool at the time




Applicants must be an owner of a business classifying under a Corporation, Sole Proprietary, LLC, or Partnership structure that are operating within the State of North Dakota. First-time loan borrowers of NADC may need to secure a loan over $5,000 if there aren’t any prior credit history. Applicants must complete a loan application, submit a business plan and provide two years of historical financial statements or tax returns (if applicable), and to years of business financial projections as part of the business plan.  If these items are not available at the time, applicants will be required to enroll in business training and/or financial education (the Training Plan) as determined by NADC at intake. 


Once a client pays off a loan, NADC Community Loan Fund reports successful payoffs to the credit bureaus and attributing toward building credit and may qualify for lines of credit for Native Artist businesses only.

Eligible Loan Purposes
  • Starting a new business

  • Expanding an existing business

  • Working capital

  • Contract financing to provide bridge gap funding between the performing of the contract and the receipt of funds

  • Purchase of equipment, machinery, furniture, and fixtures

  • Purchase of inventory

  • Gap funding through the participation with a commercial bank to provide clients that may be for:

    • Down payment on equipment

    • Improvements to real estate or other real property

  • Other transactions where the mission is to foster the growth of a business in Native communities

Required Loan Documentation

Please note the documentation that is required.

At the time of loan application submission, applicants must submit the following:

  • Proof of rental housing. All applicants must provide the name and address of the landlord(s) for the past two years. If the applicant has not had two years of rental housing, the applicant must provide a statement explaining the reason why and the housing situation over the past two years.​

  • Proof of employment. All applicants must provide check stubs for the last three months.

  • Proof of all income.

    1. All applicants must provide income tax returns for the past two years.

    2. All applicants must provide w-2 forms for the past two years.

    3. All applicants must provide bank statements for the past two months.

  • Proof of debt.

    1. All applicants must provide proof of installment loans (i.e. student loans, auto loans, mortgage loans, etc.)​

    2. All applicants must provide revolving charge accounts (i.e. credit cards, home equity, lines of credit at a bank, etc.)

  • If self-employed or paid by commission, must provide:

    1. Previous two years of federal income tax returns with schedules.​

    2. Year-to-date profit and loss statement and most recent balance sheet.

    3. Corporate tax returns and schedules.

  • If you have filed bankruptcy in the last seven years, please provide:

    1. A copy of petition and discharge.​

    2. A handwritten explanation of the reason for bankruptcy.

    3. Evidence of good credit since the bankruptcy.

Clients may be required to enroll into NADC’s financial counseling services depending on
the credit score. When a client pays off a loan, NADC reports the client’s successful payoffs
to the credit bureaus, therefore, contributing toward building and/or improving client credit.
Successful payoffs may qualify clients for lines of credit for Native Artist businesses only.


We're here to help. Apply for a loan online, or download and submit it, and email it to our loan officer to start the loan process.